The Lagos Life Barbing Salon costs ₦6,000,000 in Ikeja and pays out every day at 6 PM. A good day brings ₦15,000 to ₦70,000 after running costs; on a bad day (8% of the time) the power goes and the generator will not start, and you lose ₦42,500. On average it makes about ₦35,700 a day.
Compare it with every other investment on the Lagos Life business page and with land.
| Price | ₦6,000,000 |
|---|---|
| Daily takings | ₦55,000 to ₦110,000 |
| Running costs | ₦40,000 a day |
| Bad-day chance | 8% |
| Bad-day loss | ₦42,500 |
| Average a day | ₦35,700 |
| Payback | About 169 days |
Lagos Life Barbing Salon Income
| Day | Takings | Costs | You keep |
|---|---|---|---|
| Slow good day | ₦55,000 | ₦40,000 | ₦15,000 |
| Average good day | ₦82,500 | ₦40,000 | ₦42,500 |
| Best good day | ₦110,000 | ₦40,000 | ₦70,000 |
| Bad day | — | — | −₦42,500 |
Its average day is the fifth-highest of the 7 investments. Payouts land at 6 PM whether you are online or not.
Lagos Life Barbing Salon Payback and Tax
At the average rate it earns back its price in about 169 days. Business income counts toward the weekly tax: a typical week of about ₦273,700 in good-day profit owes about ₦0 in tax after the ₦1,000,000 weekly allowance. See how Lagos Life tax works.
Selling returns 60% of the price, so keep it at least 68 days before selling to come out ahead.
Is the Lagos Life Barbing Salon Worth It?
Yes, if you have the cash: it turns ₦6,000,000 into about ₦249,900 a week with no work. For the cheapest routes to the starting cash, read how to make money in Lagos Life.
Lagos Life Barbing Salon FAQ
How much does the Barbing Salon cost?
₦6,000,000.
How much does the Barbing Salon make a day?
About ₦35,700 on average, between ₦15,000 and ₦70,000 on a good day.
How long until the Barbing Salon pays back?
About 169 days at the average rate.